Bank of America AVP

Apr 12 27 Comments

I was hired in March 2020 as AVP with 10+ years of experience at that time. Did I get lowballed? How do I ask for a VP level now? How much salary should I expect?

I am in tech and current salary is $132k.

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TOP 27 Comments
  • Assistant Vice President
    Apr 12 6
    • Banks usually flip Director & AVP titles so you become AVP->VP->Associate Director->Director, etc. It is just artificially inflated title structure that doesn’t align to most companies. Typical in Finance. I am guessing it goes back to days when people at these levels were customer facing and needed titles to sound like the end of the line decision makers (and they never bothered to change the hierarchy), but I could be wrong.
      Apr 12
    • you can run for president in a few years. beat sleepy joe!
      Apr 14
  • Title change to VP will not increase your salary. It’s one of the easiest promotion you can get. You should talk to your manager about getting that title bump. And then you should discuss your path to a BAND bump, which will come with a salary increase.

    I would say though.. if you’re comfortable with your pay and responsibility, I wouldn’t sweat it. Working for that BAND bump requires so much effort for so little pay increase. Better to look outside with decent experience.
    Apr 12 0
  • SAP
    ARjz53

    Go to company page SAP

    ARjz53
    TC is less than an entry level SDE. Bank title inflation
    Apr 12 0
  • I’d say so. I have 3-4 years of professional experience and make $120k in Charlotte, NC. I’d miss the place because I enjoy my work, but I’ll be leaving for $150k and mainly because RTO policy being forced on me.
    Apr 12 3
    • What's your role at BofA?
      Apr 12
    • SWE. I’d say they are under market value for senior positions. But then again they do pay the same as Ally, so I guess they are competitive in that respect. But compared to your random start up in California, it’s less money by about $30-70k ($150k-$200k) on average. I’d say they are locally competitive in Charlotte, but not competitive to Silicon Valley start ups, which often operate like a fast pace enterprise m, and it’s totally feasible to get a SV job as you can work remotely. A decent startup in Silicon Valley could really make you some real money once it goes public, but that’s no guarantee.
      Apr 13
  • Ok let’s get on track again. I am a new mother and don’t want a hectic job. But I don’t want to get stagnant at the bank either. What can I do? My skill set is in big data technologies and I have been reached out by Amazon etc couple of times but never interviewed because of the wlb there. But I know I am making way less than my potential.
    Apr 12 1
    • Adobe
      TNmw11

      Go to company page Adobe

      TNmw11
      Plenty of tech with good wlb, like adobe and linkedin that pays higher than 150k, this of course is subject to location
      Apr 12